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Lessons from Joseon Era Peddlers: Wisdom in Modern Investment Strategies

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The peddlers (Bo-Bu-Sang, 褓負商) of the Joseon Dynasty were regional merchants who established a unique commercial ecosystem in Korean history. Their business strategies and economic practices remain highly relevant today, providing insights into efficient capital management and community-focused trade. In this article, we delve into the roles of these peddlers, their operating methods, and the valuable lessons they offer modern investors. --- ## Who Were the Joseon Peddlers? Peddlers in the Joseon era were itinerant merchants whose name derived from the terms "Bo (褓)," meaning bundle, and "Bu (負)," meaning to carry. They roamed villages and markets, selling or trading goods without a fixed shop, embodying a mobile and adaptive commerce model. - **Key Roles**: Distributing goods and stabilizing prices - **Operating Areas**: Rural towns and regional markets - **Operating Methods**: Collective capital pooling to mitigate risks --- ## Capital Managemen...

Learning Sustainable Finance from Confucian Philosophy: Insights into Socially Responsible Investing

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One of the key trends in modern finance, **Socially Responsible Investment (SRI)**, emphasizes sustainability and ethical values in investment. However, this concept is not a modern invention. The philosophy of Confucius (孔子), the great ancient Chinese philosopher, aligns closely with SRI principles. His ethical teachings can be interpreted as foundational ideas for sustainable finance today. --- ## Core Teachings of Confucius: **Ren (仁)** and **Yi (義)** Confucian philosophy emphasizes harmony among people, rooted in two main concepts: **Ren (仁)** and **Yi (義)**. - **Ren (仁)**: Denotes humanity and mutual respect, prioritizing care for others and the prosperity of the community. - **Yi (義)**: Represents moral righteousness, advocating for prioritizing public good over personal gain. These teachings extend beyond personal ethics and are applicable to modern corporate ethics and investment philosophy. --- ## The Connection Between SRI and Confucian Thought **Socially Respon...

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